This is the dream -- cooperation through economic incentives rather than through economic or military coercion

That said, I wonder if it's sustainable because money tends to agglomerate over time, and power structures naturally arise

What keeps the system balanced?

No kings, no standing armies, no shared treasury. Just a cooperative decentralized network of merchants and towns with common interests in trade.

One like, one tweet about the German Hansa, the mysterious medieval non-institution.

Ethan Buchman (🐝,🦇)

This is the dream -- cooperation through economic incentives rather than through economic or military coercion

That said, I wonder if it's sustainable because money tends to agglomerate over time, and power structures naturally arise

What keeps the system balanced?

https://x.com/buchmanster/status/1873769448307626075

the best institutions have knobs to reset their decay half-life, but all are ultimately fallible